ATLANTA – Oct. 2, 2023 – Stream Realty Partners and AEW have finished construction on a 360,180-square-foot warehouse in the second-largest industrial submarket in Atlanta.
The joint venture between Stream, a national commercial real estate firm offering an integrated platform of services, and AEW, one of the largest global real estate investment management companies, broke ground on Union City Logistics Center at 4811 Flat Shoals Road in September 2022. Stream Atlanta Senior Vice President of Construction Virginia Crabtree and Vice President Isaac Weeks oversaw development of the project. Vice Presidents Scott Jones and Nick Peacher are the leasing brokers. Stream also provides property management at the building. Evans General Contractors served as the general contractor.
“We’re excited to deliver a state-of-the-art distribution facility in the heart of Atlanta’s Airport industrial submarket,” Peacher said. “We are confident this building will meet the logistics needs for a variety of users and foster continued growth along the I-85 South corridor.”
Union City Logistics Center offers a 2,372-square-foot speculative office pod, motion-sensing LED interior lighting, Early Suppression, Fast Response (ESFR) sprinklers, 137 car parking spaces, and 119 trailer stalls. The front-load facility features 36-foot clear heights, 68 dock-high doors, two drive-in ramps, and 130-foot to 240-foot-deep truck courts.
The facility offers direct access to I-85 South and I-285, allowing potential tenants to also connect with I-20 and I-75 so they can reach 80% of the U.S. population by truck within two days. Fairburn’s CSX Intermodal Terminal is within 4 miles, offering the ability to move containerized freight by rail directly from the Port of Los Angeles to the Port of Savannah. Hartsfield-Jackson International Airport’s air cargo terminal is 11 miles away.
Fulton County has Atlanta’s largest industrial labor force at more than 71,000 employees. Of the five largest cities for warehousing work, four are in the South Atlanta area.
“Atlanta, as the capital of the Southeast, continues to see strong demographic and economic growth,” said Jones. “The city is positioned extremely well on the logistics front given its robust interstate and rail systems coupled with the expansion of the Port of Savannah.”
Stream and AEW are also developing Adairsville Logistics Center at 3048 U.S. Highway 41 in Adairsville.
For information on Union City Logistics Center leasing, contact Stream Atlanta at 404.962.8600
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,200 professionals and now completes more than $5.8 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.
About AEW
For over 40 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide. One of the world’s largest real estate investment advisors, AEW and its affiliates manage $90.7 billion of property and securities in North America, Europe and Asia (as of June 30, 2023). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Düsseldorf, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in seven European cities. For more information, please visit www.aew.com.
As of June 30, 2023. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe SA and its subsidiaries. AEW Europe SA and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $90.7 billion includes $41.9 billion in assets managed by AEW Europe SA and its affiliates, $5.3 billion in regulatory assets under management of AEW Capital Management, L.P., and $43.5 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice. Staff, offices, and clients include AEW Capital Management, L.P. and AEW Europe SA and their respective subsidiaries.
